Holy moly that’s expensive. It’s like $120 for 36 months through my insurance company.
Again, insurance doesn’t cover whole amount. It’s only partial.
I see so it breaks down like this:
In the event of a total loss of the truck:
Total truck remaining payoff: $33,000
Total truck market value: $30,000
GAP will cover the $3,000 difference (through your private insurance, Toyota’s GAP covers this difference AND remaining money put down etc?)
But say you are only 1 month into your one pay of $3,900, that money is essentially lost?
If you cannot do a full GAP through Toyota, as they don’t allow for one pay, how do you insure against that one pay amount of $3,900? Not that it is a lot of money but this is nice to know.
I do not know how it works. Not my expertise.
That’s the exact question I will ask TFS Monday
Do not make sweeping generalizations. It depends on the state, the company and the wording of the policy.
TFS’ policy doesn’t commit to covering the whole amount anyway.
We’ve been over this before.
10-4. Got it
Check your coverage with Progressive. If I recall correctly, it only covers up to 25% of the ACV of the vehicle.